Islamic fund managers in the Gulf are increasingly choosing foreign domiciles for their products, favouring their cost-efficiency and reputation for strong regulation as investors seek to avoid any suspicion of money laundering or tax evasion.

NCB Capital has become the first Saudi company to launch non-Saudi registered funds under the Undertakings for Collective Investment in Transferable Securities (UCITS) platform registered in Ireland.
Saudi Arabia’s largest w

Thames River Capital will launch two offshore multi-manager vehicles on June 3, 2008, run by its Multi-Manager team led by Rob Burdett and Gary Potter.
The Dublin-based funds - sub-funds of Thames River Traditional Multi Funds plc - will b